BANKING ASSOCIATE

Job Description

Summary of Position (Job Purpose) - Major purpose and functions of the position.
The Banking Associate will perform daily deposit verification, monthly reconciliation, and conduct research on exception items relating to the Company’s store depository bank accounts with supervision and review by the Treasury Operations Manager. The position requires phone contact with field management and banking representatives. The individual will be involved in other projects as required.

Principal Duties and Responsibilities - Primary responsibilities listed in order of importance

Daily matching of bank deposits to store’s POS file using a reconciliation system

Research and analyze deposit discrepancies

Develop/review trend reporting to identify possible fraud or operational issues

Interact with Accounting personnel and bank representatives as needed to research and resolve exception items

Contact stores to obtain documentation in researching missing or discrepant deposits

Notify Asset Protection on missing or late deposits and working with them to resolve issues

Preparation of monthly journal entries

Reconcilement of month-end bank statements for store depository accounts

Preparation of bank signature cards and other account documentation

Assist with bank changes and facilitate consolidation of bank accounts

Perform miscellaneous duties and special assignments as needed

Minimum Requirements/Qualifications - Summary of knowledge, experience and education required.

Associate degree or equivalent relevant banking / treasury experience

1-3 years financial experience or coursework in school

Ability to handle confidential information appropriately

Excellent communication skills

Excellent computer skills

Good planning and organization skills

Good analytical skills

Intermediate Microsoft Excel experience

Desired Qualifications - Desired but not required.

College degree

Previous banking experience

This is not to be considered a complete list of job duties, as they may be amended or added to as needed.

Must be fully vaccinated from COVID-19, as defined by the CDC, by the date of hire.
Proof of vaccination required. Request for medical or religious accommodation must be made prior to the start date

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